YCharts snags $6 mln in Morningstar-led round

Chicago-based YCharts, a provider of tools and services for stock research and analysis, has raised $6 million in Series C funding. Morningstar led the round with participation from other investors that included Reed Elsevier, I2A, Amicus Capital Partners and Hyde Park Angels. Also, the company has hired Jeremy Diamond as chief revenue officer. Previously, Diamond worked at Morningstar where he served as head of buy side solutions.


Genstar-backed Asset International hires CFO

Asset International, which is backed by Genstar Capital, has named Carolyn Ullerick as its chief financial officer. Previously, Ullerick worked at Reed Elsevier’s LexisNexis Group where she served as global CFO. Headquartered in New York City, Asset International provides data and marketing solutions to the global asset management industry.

First Advantage Closes Buy of LexisNexis Screening Unit

First Advantage, which is backed by Symphony Technology Group, has closed its buy of LexisNexis Risk Solutions‘ employment and resident screening business.LexisNexis Risk Solutions is a division of Reed Elsevier. The transaction was announced in January. BofA Merrill Lynch acted as financial advisor to First Advantage. BofA Merrill Lynch and Tennenbaum Capital Partners provided financing.


Investcorp Puts SourceMedia Up for Sale

Investcorp has put SourceMedia, which publishes American Banker and The Bond Buyer, up for sale. Jordan Edmiston is advising. Private equity is expected to dominate the auction, sources tell peHUB.

Ian Smith Quits as CEO of Reed Elsevier, After Just 8 Months

LONDON (Reuters) – Publisher Reed Elsevier’s (REL.L) (ELSN.AS) said on Wednesday its Chief Executive Ian Smith had quit because he was the wrong man for the times. Smith, an industry outsider who resigns after only eight months in the job, will be replaced by divisional chief Erik Engstrom. A company spokesman said: “Ian and the […]

Bain Capital In Lead for Reed Elsevier Unit

Bain Capital, a US-based private equity fund, is leading the chase for Reed Business International, a unit of publisher Reed Elsevier that houses titles such as New Scientist, Variety and Estates Gazette. According to reports, Bain Capital is favourite to win RBI, which has an expected value of approximately US$1bn, although Reed Elsevier management is […]

Reed’s Financing Package Falling Short

NEW YORK (Reuters) – The financing package offered by Reed Elsevier (REL.L: Quote, Profile, Research, Stock Buzz) in the sale of its trade publication unit might come in smaller than expected, causing bidders to reexamine their offers, a source familiar with the matter said on Monday. Only a few bidders remain in the third-round auction […]

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